Lounea Oy has acquired the fiber network operations of Cinia Oy, significantly enhancing its market position and service capabilities in Finland's growing telecommunications sector.

Target Information

Lounea Oy has recently acquired the third-party fiber network operation business of Cinia Oy. This strategic acquisition was facilitated through Lounea's subsidiary, Lounea Palvelut, marking a significant expansion in Lounea’s service capabilities. The transaction allows Lounea to service approximately twenty fiber companies, encompassing a customer base of about 20,000 end users across these networks.

Riku Päärni from Lounea expressed excitement about the acquisition, highlighting the company’s commitment to providing ongoing services to Cinia's existing customers and welcoming the transitioning staff. This move not only enhances Lounea's market position but also solidifies its footprint in Finland's nationwide fiber optics sector.

Industry Overview

The fiber optics industry in Finland has been experiencing rapid growth, driven by an increasing demand for high-speed internet and digital services. With Finnish consumers becoming more reliant on seamles